The medical device market in Saudi Arabia is the largest in the MENA region with stable demand and growing at a single-digit CAGR in 2016-2021: Ken Research

Ken Research

Ken Research

KSA Medical Devices Industry Research Report includes KSA Sutures and Catgut Market, KSA Infusion Pumps Medical Devices Industry, KSA Ostomy Medical Devices Industry, KSA Bandages, Dressings Medical Devices Industry, KSA CT Scan Diagnostic Imaging Product Market, KSA X-ray Based Products Market, KSA Ultrasound Diagnostic Imaging Product Market, KSA MRI Diagnostic Imaging Product Market, KSA Electro Diagnostic Apparatus Diagnostic Imaging Product Market, KSA ECG Diagnostic Imaging Product Market, KSA Angioplasty Device Cardiac Device Market, KSA Cardiac Rhythm Management Cardiac Device Market, KSA ICD Cardiac Device Market , KSA Implants Cardiac Device Market, KSA Pacemakers Cardiac Device Market, KSA Heart-Lung Machines Cardiac Device Market, KSA Oxygen Concentrator Respiratory Products Market, KSA Nebulizers Respiratory Products Market, KSA Humidifier Respiratory Products Market.

Gurugram, India, Aug. 5, 2022 (GLOBE NEWSWIRE) — KSA Medical Devices Market is a highly price sensitive market that relies heavily on foreign imports due to the underdevelopment of the domestic medical device industry.

Growing medical tourism: Saudi Arabia’s 2030 Vision was aimed at improving the pilgrim experience and reaching the annual target of 30 million pilgrims by 2030, mandates the provision of flexible healthcare settings and services. The increasing flow of medical tourists will drive the demand for high-quality healthcare, medical devices and technology.

Import-dependent market: KSA market for medical devices is a very price-sensitive and import-dependent market with advanced medical devices imported from countries such as the US, Germany, Japan and China. 40% of locally manufactured devices are single use devices and are made of plastic. Other products include reusable surgical instruments, cleaners and solutions, general IVD, hospital furniture, dental and ophthalmic products. The lower share of domestic production is largely due to a lack of capacities and a smaller number of local manufacturing companies in the KSA.

Demand for healthcare infrastructure: KSA accounts for 60% of Gulf Cooperation Council (GCC) countries’ health care spending, and the sector remains a top priority for the Saudi Arabian government. The government plans to spend $36.8 billion on health and social development, which is 14.4% of its 2022 budget, the third largest item after education and military.

Growing population and rising burden of chronic diseases: The high population growth rate (1.51% from 2020 to 2021) and the increase in non-communicable diseases are driving the demand for better healthcare and medical devices in KSA. Constant government pressure on preventive care screening to manage chronic diseases is enabling the growth of the medical device market.

The report entitled “KSA Medical Devices Outlook to 2026 – Driven by rising prevalence of chronic diseases, growing health care awareness and rising health care budget in the countryprovides a comprehensive analysis of the KSA Medical Devices market. The report covers various aspects, including the current market size and production scenario, its segmentations, namely, device type, sales channel, technology, end users and regional analysis, key trends and developments, issues and challenges, governmental regulations and competitive benchmarking. The report concludes with market forecasts for the future of the industry, including the industry’s forecast size based on revenue.

Main segments covered:-
By type of business

By sales method

  • Distributor mediated

  • Direct sale

By device type

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By type of medical consumable

  • Surgical gloves and masks

  • Syringes, needles and catheters

  • Intravenous Administration Sets

  • Sutures and catgut

  • Infusion pumps

  • stoma

  • Bandages, bandages and others

By Type of Diagnostic Imaging Product

By type of heart device

By type of respiratory products

  • Oxygen concentrator

  • nebulizers

  • humidifier

  • Fans

  • Airway Pressure Devices

  • others

By type of hospital furniture

  • Hospital beds with mechanical fittings and dental chairs

  • operating tables

  • Examination tables

  • Medical, surgical, dental or veterinary furniture

  • others

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By type of auxiliary product

By type of dental and orthopedic products

By type of end users

  • hospitals

  • Clinics

  • Labs and others

By region type

Covered companies

  • Abbott

  • Baxter

  • B. Brown

  • Becton Dickinson (BD)

  • Boston Scientific

  • Canon

  • cochlear

  • towing

  • Fresenius medical care

  • Fujifilm

  • GE Healthcare

  • Wasp

  • Hill Rom Holdings Inc.

  • Hitachi

  • Invacare Corporation

  • Johnson & Johnson

  • Medtronic

  • Nihon Kohten

  • Oticon

  • Paramount Bed Holdings

  • Philips HealthTech

  • Siemens Healthineers

  • Smith & Neef

  • Stryker

  • widex

  • Zimmer Biomet

Main target audience

  • Medical Device Manufacturers

  • Medical Device Distributors

  • Importers of medical devices

  • Research organizations and consultancy firms

  • Government agencies such as regulators and policy makers

  • Market research and consultancy firms

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Time period recorded in the report:-

Key topics covered in the report

  • Management summary

  • Overview of KSA Healthcare System

  • KSA Medical Device Market Introduction and Overview

  • Industry Life Cycle and Value Chain of KSA Medical Device Market

  • Key Market Drivers in the KSA Medical Device Market

  • Demand and Supply Side Ecosystem, Preferences and Trends in the KSA Medical Device Market

  • KSA Medical Device Market Size by Revenue

  • KSA Medical Device Market by Device Types and Sub-segments:

  • KSA Medical Devices Market by End Users

  • KSA Medical Device Market by Regions (Riyadh, Jeddah, Dammam, Al Khobar, Al Qassim, Aseer, Others)

  • Competitive Factors and Rating in the KSA Medical Device Market:

  • Market trends and developments

  • Market problems and challenges

  • Government Rules and Regulations

  • Future Outlook for KSA’s Medical Device Market

  • Emerging technologies in the medical device market

  • Analyst Recommendations

  • KSA’s Medical Consumables Market

  • KSA Diagnostic Imaging Market:

  • KSA Cardiac Medical Device Market:

  • KSA Respiratory Medical Devices Market:

  • KSA Hospital Furniture Products Market

  • KSA Auxiliary Products Market:

  • KSA Dental Products Market:

  • KSA Orthopedic Products Market

  • KSA Ophthalmic Devices Market

  • KSA market for dialysis machines:

  • KSA Hospitals Medical Device Market

  • KSA Clinics market for medical devices

  • Medical Device Market in Riyadh

  • Dammam Medical Devices Market

  • Medical Device Market in Jeddah

  • Al Khobar Medical Devices Market

  • Al-Qassim Medical Devices Market:

  • Aseer Medical Device Market

  • Medina Medical Device Market

For more information on the research report, see the link below:-
KSA market for medical devices

Related Reports:-
UAE Medical Devices Market Outlook to 2025: Driven by Technological Advancement, Increase in Aging Population and Increase in Chronic Disease Prevalence in the Country

The UAE is the fourth largest medical device market in the Middle East and Africa, with a CAGR of @8.7% in 2015-2020. It is a very price sensitive and import dependent market with advanced medical devices imported from countries such as the US, Germany, Japan and China and local production is limited to prototypes, spare parts and disposables such as surgical gloves, syringes and needles. The UAE’s increasing healthcare budget allocation and ongoing healthcare development projects have played a vital role in its continued growth.

Philippines Medical Devices Outlook to 2025 (Second Edition) – Increasing Cases of Chronic Diseases and Projected Growth in Demand for Cancer Therapy and Dialysis Equipment

The device market in the Philippines was valued at ~ PHP million in 2015 and registered positive growth during the 2015-2020 assessment period to a value of ~ in 2020. The market is currently in the growth phase, with an increase in the number of hospitals, high prevalence of chronic diseases, increasing cases of heart and kidney failure, growing elderly population, awareness of health checks, arrival of medical tourism and the onset of the COVID-19 pandemic as some of the key drivers for the market. The medical device industry in the Philippines is currently import-oriented, especially for high-tech machines such as diagnostic imaging, cardiac devices, respiratory products, and others. Current demand reflects health care needs due to the increasing incidence of hypertension, diabetes/kidney disease, tuberculosis/respiratory disease, cancer and part of the incidence of HIV/AIDS.

Kuwait Medical Device Market Outlook to 2022 – By Type (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetes Products and Others)

The medical device market in Kuwait is in the late growth phase (based on the distributor model) and has a limited number of major players dominating the market. The medical device market in Kuwait is fully import-driven and dominated by international brands. The medical device market in Kuwait has witnessed growth due to the increased participation of private healthcare players. Technological innovations and a greater focus on infrastructure development have also led to increased demand for medical devices in Kuwait. Heavy investment in infrastructure projects is driving growth in Kuwait. Increase in the number of chronic diseases has led to an increase in demand for healthcare facilities in the country. The end users of medical devices are government hospitals as well as private hospitals, clinics and primary care centers.

Vietnam Medical Devices Market Outlook to 2022 – By Equipment (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)

The Vietnamese medical device market grew at a CAGR of ~% in 2012-2017, driven by liberal import policies and a surge in orthopedic and prosthetic medical devices. Increased investment in public healthcare facilities and tax exemption for newly established private healthcare providers increased the demand for medical devices. With the need to improve healthcare in Vietnam, healthcare providers are focusing on the use of advanced technological medical equipment that will help detect diseases early and accelerate diagnosis and recovery timelines.

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Ken Research
Ankur Gupta, Head of Marketing & Communication
[email protected]
+91-9015378249

CONTACT: Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications [email protected] +91-9015378249

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